Dec, 31, 2020 — ESSEX COUNTY TEACHERS FEDERAL CREDIT UNION (ECTFCU) is a federal credit union headquartered in BLOOMFIELD, NJ with 1 branch location and about $15.42 million in total assets. Opened 85 years ago in 1936, ESSEX COUNTY TEACHERS FEDERAL CREDIT UNION (ECTFCU) has about 2,506 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ESSEX COUNTY TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 125 FRANKLIN ST. BLOOMFIELD, NJ 07003-5730 |
Phone: | (973) 748-8847 |
Fax: | (973) 748-8846 |
Website: | http://www.ectcu.org |
Branches: | 1 branch locations |
Members: | 2,506 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1131 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Feb 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,421,697 |
CEO/Manager: | Robert D Steeves |
Chairperson: | Kenneth King |
ASSETS: | $ Amount |
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Cash & Equivalents | 654,279 |
TOTAL INVESTMENTS | 5,062,865 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,525,876 |
Unsecured Loans | 3,194,881 |
Other Loans | 3,633,509 |
TOTAL LOANS | 9,354,266 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -106,119 |
Land And Building | 180,894 |
Other Fixed Assets | 49,363 |
NCUSIF Deposit | 118,578 |
All Other Assets | 107,571 |
TOTAL ASSETS | 15,421,697 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 236,212 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,483,326 |
Regular shares | 10,246,514 |
All Other Shares & Deposits | 2,263,484 |
TOTAL SHARES & DEPOSITS | 13,993,324 |
TOTAL LIABILITIES | 14,229,536 |
Regular Reserve | 419,836 |
Other Reserves | 0 |
Undivided Earnings | 772,325 |
TOTAL EQUITY | 1,192,161 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,421,697 |
INCOME & EXPENSE | |
Loan Income | 519,805 |
Investment Income | 80,719 |
Other Income | 113,811 |
Total Employee Compensation & Benefits | 246,511 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 271,285 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,936 |
Cost of Funds | 12,750 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 134,853 |
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